DENSE INFILL LOCATION

SUBJECT PROPERTY

2920 N Westmoreland Road, Dallas, TX 75212

Brand New, 15-year, Absolute NNN

High Traffic Counts

10% Rent Increases Every 5-Years

Located 5 Miles from Downtown Dallas

Considered an Essential Business

7-ELEVEN (S&P: AA-)

$4,652,000 | 4.75% CAP

FILE PHOTO

7-Eleven, Inc., the Irving, Texas-based c-store chain, operates, franchises and/orlicenses almost 70,000 stores in 17 countries, including more than 12,000 locations

in North America, making it the largest convenience retailer in the world.

2 | SECURE NET LEASE

RUSSELL SMITHVICE PRESIDENT(214) 915-8890rsmith@securenetlease.com

BOB MOORHEADMANAGING PARTNER(214) 522-7200bob@securenetlease.com

FILE PHOTO

INVESTMENT OVERVIEW

$4,652,000 | 4.75% CAP CONTACT FOR DETAILS

This information has been secured from sourceswe believe to be reliable but we make norepresentations or warranties, expressed or implied,as to the accuracy of the information. Buyer mustverify the information and bears all risk for anyinaccuracies.

The Subject Property is located at the Corner of Singleton Blvd. (30,000 VPD) andWestmoreland Rd. (81,695 VPD). The Store is strategically located on the AM side of bothsingleton and Westmoreland, making it the most desirable corner at this intersection.

DFW is the 4th Largest MSA in the US. DFW has experienced explosive growth of over20% since 2010.

The Dallas-Fort Worth Metroplex is home to over 25 Fortune 500 Companies,including: Exxon Mobile, McKesson, AT&T, American Airlines, Southwest Airlines, TexasInstruments and Kimberly-Clark.

Brand New, 15-Year Lease with 7-Eleven, Inc. 10% Rent Increases Every 5-Years,Including Options Periods. An excellent Hedge Against Inflation.

7-Eleven is the Largest Convenience Store Chain in the World. With over 68,000locations, worldwide, 8,500+ of those in the US. 2018 Revenue was nearly $100 Billion.

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$220,982

2020

±3,060 SF

100%

±1.02 ACRES

ABSOLUTE NNN

NOI

YR BUILT / RENOVATED

BUILDING AREA

OCCUPANCY

LAND AREA

LEASE TYPE

7-ELEVEN | DALLAS, TEXAS

Explosive retail and multi-family development in the immediate trade area. WestDallas is rapidly becoming one of the hottest retail and multi-family areas of Dallas.

TENANT OVERVIEW

7-ELEVEN (7-eleven.com)

The brand name 7-Eleven is now part of an international chain of conveniencestores, operating under Seven-Eleven Japan Co., Ltd., primarily operating as afranchise. It is the largest chain store operator with approximately 65,000+ locationsoperating around the world, surpassing the previous record-holder McDonald’sCorporation in 2007. Its stores are located in sixteen countries, with its largestmarkets being Japan, the United States, Canada, the Philippines, Hong Kong,Taiwan, Malaysia and Thailand. 7-Eleven, Inc. as a former U.S.-originatingcompany, is a subsidiary of Seven-Eleven Japan Co., Ltd, which in turn is owned bySeven & I Holdings Co. of Japan. The US chain has its headquarters in Irving, Texas.The company operates, franchises and licenses more than 9,800+ stores in the U.S.and Canada. Of the more than 9,800 stores the company operates and franchises inthe United States, approximately 8,000 are franchised. Outside of the U.S. and Canada,there are more than 55,300 7-Eleven and other convenience stores in Japan, Taiwan,Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, Philippines,Indonesia, Norway, Sweden and Denmark. 7-Eleven also is one of the nation’s largestindependent gasoline retailers. Its company’s name was changed from The SouthlandCorporation to 7-Eleven, Inc. after approval by shareholders on April 28, 1999.

7-Eleven focuses on meeting the needs of convenience-oriented customers byproviding a broad selection of fresh, high-quality products and services at everyday fairprices, speedy transactions and a clean and friendly shopping environment. Eachstore’s selection of about 2,500 different products and services is tailored to meetthe needs and preferences of local customers. Stores typically vary in size from 2,400to 3,000 square feet and are most often located on corners for great visibility and easyaccess. 7-Eleven Accolades include: Ranked #1 on Entrepreneur magazine’s 2017 TopGlobal Franchises List; Ranked #1 spot on Entrepreneur magazine’s Franchise 500’sTop 10 Most Popular Retail Companies for 2016, and No.2 in Forbes magazine’s Top20 Franchises to Start. 7‑Eleven is No. 2 on FranchiseRanking.com for BestConvenience Store Franchise Company USA, and among GI jobs magazine’s Top 100Military Friendly Employers.

$205 M

S&P : AA-

70,000

REVENUE

CREDIT RATING

TOTAL LOCATIONS

4 | SECURE NET LEASE

FILE PHOTO7-ELEVEN | DALLAS, TEXAS

IN THE NEWS

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POSITIONING 7-ELEVEN FOR THE FUTURE 7-ELEVEN'S 7-SELECT PRODUCTS WIN PRIVATEBRAND AWARDSIsabelle Gustafson, October 21, 2019 (CStore Decisions)

For 91 years, 7-Eleven Inc. has often been on the cutting edge of major trendsacross the convenience store industry.

Whether it was the company’s launch of the first self-serve soda fountain, 24/7store hours, coffee sold in to-go cups, or the first self-serve gas pumps andATMs installed at a c-store, 7-Eleven can count many “firsts.” The biggest, ofcourse, occurred in 1927. Convenience retailing got its start when employee“Uncle Johnny” Jefferson Green approached a young Joe C. Thompson of the

Southland Ice Co. about selling bread, milk and eggs from the front dock of anice house.

With success comes growth. Today, a new 7-Eleven store opens somewhere inthe world every 3.5 hours. Convenience, 7-Eleven style, remains in highdemand.

The Irving, Texas-based c-store chain, a subsidiary of Seven & I HoldingsCo., operates, franchises and/or licenses more than 67,000 stores in 17countries, including more than 11,800 locations in North America, makingit the largest convenience retailer in the world. President and CEO JoeDePinto recently shared with Convenience Store Decisions his take onthe headwinds and disruption in the c-store and retail environment andhow 7-Eleven is not only addressing the complex business challengesnow, but also how the company plans to maintain its leadership positionin the industry, going forward.

Three of 7-Eleven‘s 7-Select-branded products have received the Private LabelManufacturers Association’s (PLMA)’s 2019 “Salute to Excellence” awards.

For this year’s competition, PLMA had 750 product submissions and 60+retailers represented, a record number for both.

The 7-Select entries and other winning products will be featured on a specialSalute to Excellence Awards website and displayed at PLMA’s 2019 PrivateLabel Trade Show to be held Nov. 17-19 in Chicago.

In the annual PLMA competition for top private brand honors, food andbeverage entries are reviewed for concept, packaging, taste and value formoney. Non-food products are judged on concept, innovation, presentationand value for money.

“Since you can only get 7-Select items at 7-Eleven, we try to create productsthat are so delicious and unique that they bring customers back to our storesbecause they can’t find anything like it anywhere else,” Cogil said. “In everycategory, our private brands really set us apart from the competition.”

Since 2014, 7-Eleven private brand products have won 28 awards forproduct innovation, quality and package design, including 12 PLMASalute to Excellence awards. Award-winning items have ranged fromsea-salt chocolate caramels and Yosemite Road Pink Moscato wine tofrozen thin-crust pizza, yogurt-drizzled fruit and nut bars, and decadentdessert cookies.

David Bennett, October 12, 2018 (CStore Decisions)

7-ELEVEN | DALLAS, TEXAS

INITIAL LEASE TERM 15-Years

RENT COMMENCEMENT January 2020

LEASE EXPIRATION January 2035

LEASE TYPE Absolute NNN

RENT INCREASES 10% Every 5-Years, Including Option Periods

ANNUAL RENT YRS 1-5 $220,982

ANNUAL RENT YRS 6-10 $243,080

ANNUAL RENT YRS 11-15 $267,388

OPTION 1 $294,127

OPTION 2 $323,540

OPTION 3 $355,894

OPTION 4 $391,484

LEASE OVERVIEW

6 | SECURE NET LEASE

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed orimplied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

FILE PHOTO7-ELEVEN | DALLAS, TEXAS

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THOMASA. EDISONMIDDLELEARNINGCENTER

(554 STUDENTS)

ACADEMYFORACADEMIC

EXCELLENCE PERFORMANCE(521STUDENTS)

RAULQUINTANILLASR. MIDDLE SCHOOL

(1,054 STUDENTS) METHODIST DALLASMEDICALCENTER

(378 BEDS)

ROSEMONTELEMENTARY

SCHOOL(1,022 BEDS)

LGPINKSTONHIGH SCHOOL(906 STUDENTS)

CF CARRELEMENTARY SCHOOL

(339 STUDENTS)

LORENZODE ZAVALAELEMENTARY SCHOOL

(442 STUDENTS)

UPLIFT HEIGHTSPRIMARY PREPARATORY

(997 STUDENTS)

WEST DALLASCOMMUNITY SCHOOL

(251STUDENTS)UPLIFT HEIGHTSPREPARATORY SECONDARY

(487 STUDENTS)SEQUOYAH

JUNIOR HIGH SCHOOLDALLASENVIRONMENTALSCIENCE ACADEMY

(460 STUDENTS)GABEPALLEN

ELEMENTARY SCHOOL(503 STUDENTS)

ELADIOR. MARTINEZLEARNINGCENTER

(790 STUDENTS)

TRINITY RIVER

LOUISE WOLFFKAHNELEMENTARY SCHOOL

(555 STUDENTS)

DOWNTOWNDALLAS

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FILE PHOTO

SITE OVERVIEW

NEIGHBORING RETAILERS

2020

±3,060 SF

±1.02 ACRES

YR BUILT / RENOVATED

BUILDING AREA

LAND AREA

Walmart Supercenter T-Mobile

Lowe's McDonald's

Dollar Tree Cicis

Party City Whataburger

Ross Dress for Less Chick-fil-A

Shoe Dept. Family Dollar

GameStop Circle K

Sprint Store AutoZone Auto Parts

Goodwill Thrift Store Panda Express

8 | SECURE NET LEASE

This information has been secured from sources we believeto be reliable but we make no representations or warranties,expressed or implied, as to the accuracy of the information.Buyer must verify the information and bears all risk for anyinaccuracies.

7-ELEVEN | DALLAS, TEXAS

NWES

TMORE

LAND

ROAD

SINGLETON BOULEVARD

MONUMENT SIGN

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UT Southwestern Medical Center (17,000) Northtrop Grumman Systems Corporation (2,000) County of Dallas (1,200)

Staff Force, Inc. (5,000) AT&T Corp. (2,000) Unisys (1,200)

Eyecare Services Partners Holdings LLC (3,400) Dallas Market Center Development Company, Ltd. (1,500) Potter Concrete of Houston, Inc. (1,200)

County of Dallas (3,000) AT&T Corp. (1,500) Equinix LLC (1,200)

Children's Health Clinical Operations (2,000) United States Postal Service (1,500) Banctec, Inc. (1,100)

LOCATION OVERVIEW

ECONOMIC DRIVER’S (# of Employees Dallas)

7-ELEVEN | DALLAS, TEXAS

DEMOGRAPHICS 1-MILE 3-MILE 5-MILE

POPULATION 6,735 83,278 329,705

HOUSEHOLDS 2,074 26,132 124,861

AVG. HH INCOME $35,150 $76,624 $96,347

TOTAL HH EXPENDITURE $72.37 M $1.51 B $8.45 B

VIEW MAP

Dallas is the 3rd largest city in Texas and the ninth-largest in the United States.The city's prominence arose from its historical importance as the center for the oiland cotton industries, and its position along numerous railroad lines. With theadvent of the interstate highway system in the 1950's and 1960's, Dallas becamean east/west and north/south focal point of the interstate system with theconvenience of four major interstate highways in the city. Dallas developed astrong industrial and financial sector, and a major inland port, due largely to thepresence of Dallas/Fort Worth International Airport, one of the largest and busiestairports in the world. Dallas was ranked the #13 out of 500 "Most Innovative Citiesin the World" in 2019 by 2thinknow and the #9 "Best Performing City" by MilkenInstitute in 2020. Dallas has more shopping centers per capita than any other cityin the United States and is also home to two super regional center malls, theDallas Galleria and NorthPark Center, which is the 2nd largest mall in Texas. Dallasis home to the 3rd largest concentration of Fortune 500 companies in the countryand is the economic center of the DFW Metroplex. The DFW Metroplex alsocontains the largest Information Technology Industry base in the state (oftenreferred to as Silicon Prairie or the Telecom Corridor), due to the large number of

corporate IT projects and the presence of numerous electronics, computing andtelecommunications firms. The Telecom Corridor located just north of Dallas inRichardson is home to more than 5,700 companies including Texas Instrumentswhich employs over 10,000 people. HP Enterprises, Dell Services, i2, AT&T,Ericsson and Verizon also have headquarters or major operations in and aroundDallas.

LOCATION OVERVIEW

TEXASDALLAS

1.35 MPOPULATION

$52,210MEDIAN HOUSEHOLD INCOME

#1IN 2019, DALLAS-FORTWORTH RANKED THE#1 AREA IN THECOUNTRY FOR TOTALJOB GROWTH (127,600)IN THE YEAR.

#2DALLAS-FORTWORTHWAS RANKED THE #2"FASTEST GROWINGECONOMY" BYFORBES IN 2019.

7-ELEVEN | DALLAS, TEXAS

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IN THE NEWS

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DALLAS, HOUSTON PROJECTED TO SEECONTINUED ECONOMIC GROWTH

FORBES LISTS DALLAS TOP 10 BEST CITIES FORBUSINESS AND CAREERS

Nate Hovee, Feb 17, 2020 (The Center Square)Kurt Badenhausen, June 29, 2011 (Forbes)

As much of the world's economic growth is expected to slow in the near future,two cities in Texas look to be turning that projection on its head.

Oxford Economics' analysis projects nearly two-thirds of the world's major citieswill see an economic slowdown over the next two years. It also predictsdeclining gross domestic product growth in the world's 10 largest cities.

But Dallas and Houston along with San Francisco buck the trend because ofthe technology industry and their highly skilled workforces. Oxford's analysis

projects the two Texas cities will continue to see growth despite a slowdownelsewhere.

The analysis predicts Dallas' GDP to grow by 2.2 percent between 2020 and2021. That increases to 2.4 percent for both Dallas and Houston if projectionsare pushed out to 2023.

So what's happening in the Lone Star State that enables these cities to grow asother areas are experiencing slower growth?

"In San Francisco, growing demand for computing power and high-techservices offsets California’s highly regulated economy and housing costs," saysthe Dallas Morning News, but in Texas, the cost of living is lower and the lowercost and less restrictive regulation allow businesses to grow faster.

Texas was one of the last economies to succumb to the recession and one ofthe first to bounce back, while California is limping along with anunemployment rate of 11.7%” wrote Badenhausen of Forbes.

Forbes based its ranking on past and projected job growth, costs of businessand living, income growth, educational attainment and projected economicgrowth. It also factored in such things as crime rates, cultural and recreationalopportunities and net migration patterns. Also, the magazine looked at the

number of highly ranked universities in an area.

Besides Austin, Texas also placed San Antonio and Dallas in the top 10. SanAntonio, ranked No. 8, is among the fastest-growing metro areas in the U.S. (thepopulation increased 25% since 2000). It has been buoyed by defense spendingand hiring at Toyota Motor’s truck assembly plant. Dallas (No. 10) has been oneof the most resilient economies during the recession and could add 190,000jobs in the next three years.

“The mix of both affordability and sturdy job growth has attracted newfirms and residents,” the Dallas Morning News reports.

“Our look at America’s Best Places for Business showcases the starkcontrast between Texas—with its low-cost, pro-business regulatoryenvironment (5 cities among the top 25)—and overregulated and wildlyexpensive California.

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7-ELEVEN | DALLAS, TEXAS

DALLAS LOVEFIELD AIRPORT

SOUTHERNMETHODISTUNIVERSITY

DALLAS-FORT WORTH METRO7-ELEVEN | DALLAS, TEXAS

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METRO STATISTICS

TOTAL POPULATION 7,539,711

GDP $613.4 B

NATIONAL ECONOMY RANKING 4th

WORLD ECONOMY RANKING 10th

FORTUNE 500 COMPANIES 25

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WE LOOK FORWARD TO HEARING FROM YOU

DALLAS OFFICE10000 N. Central ExpresswaySuite #200Dallas, TX 75231(214) 522-7200

LOS ANGELES OFFICE123 Nevada StreetEl Segundo, CA 90245(424) 220-6430

securenetlease.com

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APPROVED BY THE TEXAS REAL ESTATE COMMISSION FOR VOLUNTARY USE

Texas law requires all real estate licensees to give the following information aboutbrokerage services to prospective buyers, tenants, sellers and landlords.

INFORMATION ABOUT BROKERAGE SERVICES

Before working with a real estate broker, you should know that the duties of a brokerdepend on whom the broker represents. If you are a prospective seller or landlord(owner) or a prospective buyer or tenant (buyer), you should know that the brokerwho lists the property for sale or lease is the owner’s agent. A broker who acts as asubagent represents the owner in cooperation with the listing broker. A broker whoacts as a buyer’s agent represents the buyer. A broker may act as an intermediarybetween the parties if the parties’ consent in writing. A broker can assist you inlocating a property, preparing a contract or lease, or obtaining financing withoutrepresenting you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:

The broker becomes the owner’s agent by entering into an agreement with theowner, usually through a written – listing agreement, or by agreeing to act as asubagent by accepting an offer of subagency from the listing broker. A subagentmay work in a different real estate office. A listing broker or subagent can assist thebuyer but does not represent the buyer and must place the interests of the ownerfirst. The buyer should not tell the owner’s agent anything the buyer would not wantthe owner to know because an owner’s agent must disclose to the owner anymaterial information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:

The broker becomes the buyer’s agent by entering into an agreement to representthe buyer, usually through a written buyer representation agreement. A buyer’s agentcan assist the owner but does not represent the owner and must place the interests

of the buyer first. The owner should not tell a buyer’s agent anything the ownerwould not want the buyer to know because a buyer’s agent must disclose to thebuyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:

A broker may act as an intermediary between the parties if the broker complies withThe Texas Real Estate License Act. The broker must obtain the written consent ofeach party to the transaction to act as an intermediary. The written consent muststate who will pay the broker and, in conspicuous bold or underlined print, set forththe broker’s obligations as an intermediary. The broker is required to treat each partyhonestly and fairly and to comply with The Texas Real Estate License Act. A brokerwho acts as an intermediary in a transaction:

▷ shall treat all parties honestly;

▷ may not disclose that the owner will accept a price less than the asking pricesubmitted in a written offer unless authorized in writing to do so by the owner;

▷ may not disclose that the buyer will pay a price greater than the price submittedin a written offer unless authorized in writing to do so by the buyer; and

▷ may not disclose any confidential information or any information that a partspecifically instructs the broker in writing not to disclose unless authorized inwriting to disclose the information or required to do so by The Texas RealEstate License Act or a court order or if the information materially relates to thecondition of the property.

With the parties’ consent, a broker acting as an intermediary between the partiesmay appoint a person who is licensed under The Texas Real Estate License Act andassociated with the broker to communicate with and carry out instructions of oneparty and another person who is licensed under that Act and associated with thebroker to communicate with and carry out instructions of the other party.

TEXAS DISCLAIMER7-ELEVEN | DALLAS, TEXAS